AcuCort’s vision is that Dexa ODF will be globally commercialized, be well integrated and used in the treatment/risk management of acute allergic reactions and croup in children, and see wide use against chemotherapy-induced nausea and vomiting (CINV.)
AcuCort AB shall develop and commercialize Dexa ODF supported by a global network of licensees and/or distributors. AcuCort shall identify, develop and commercialize complementary smart products with short time to launch that are based on existing substances.
AcuCort AB was founded in 2006 as a subsidiary of DuoCort AB. 2011 marked a new beginning for AcuCort and its development project, as the life science company P.U.L.S. AB acquired the company from DuoCort AB. From then until April 2017 AcuCort has been managed as a part of the PULS group.
Following a successful IPO (Initial Public Offering), AcuCort was listed on the Swedish stock exchange AktieTorget in April 2017.
AcuCort develops and commercializes Dexa ODF, a fast-dissolving oral film containing the glucocorticoid dexamethasone. The new innovative product can among other things be used for the treatment of acute allergic reactions, croup and chemotherapy-induced nausea and vomiting (CINV).
In the development of Dexa ODF the advantages of the frequently used and well-documented substance, dexamethasone and the fast-dissolving film have been combined in a product that is tailored for rapid access and relief in acute situations.
End of March and early in April, 2017, AcuCort carried out a successful emission amounting to MSEK 14 after financing costs. The issue was subscribed to by more than 900 current and new investors. The majority owner, P.U.L.S. AB also took part in the issue. April 24 2017, AcuCort AB was listed on AktieTorget in Sweden.
The capital raised will be mainly used for finalization of product development, scaling up of production, and production of GMP grade batches for use in the pivotal bioequivalence studies in the EU and the US. The company aims for market approval of Dexa ODF in 2019 in the EU and in 2020 in the US. Read more about the development of the project on the page Research & Development.
AcuCort Dexa ODF is protected by two patent families (approved patents and patent applications) and a considerable amount of technical know-how concerning dexamethasone and oral films.
About PULS ‒ the majority owner
P.U.L.S. AB is a life science development company with a unique combination of scientists and industrialists who together with innovators are commercializing ideas by providing capital, know-how and a committed partnership. Since 2002 PULS has started eleven project companies and exited four, two of which have been listed. Read more at www.pulsinvest.se.